FL Soccer SRC Inc

Analysis

FL Soccer SRC Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, FL Soccer SRC Inc reported income of $862k and spending of $981k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $481k to $862k (+79%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, FL Soccer SRC Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Pulaski County Youth Football League ($862k), Brooklyn Youth Sports Club Inc ($863k) and Western Collegiate Hockey Association ($861k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $75k (7.6% of expenses). At year end it held assets of $826k against liabilities of $66k, net assets of $760k. It reported 1 employees.